Forum Replies Created
- Quote:I've done a fair bit of tiling before so I'm considering pulling the pavers up and paying for someone to lay the concrete and I'll just tile on top. Any other options anyone could suggest?
If you're going to concrete before tiling, why not just skip the tiling and stencil the concrete?
1. Lose weight.
2. Drink less.
3. Spend less on lifestyle.
4. Buy an investment property, purely for the investment.
Thenewme wrote:Does anyone know if I am able to rent from myself? I was curious to know if I could somehow still own my house and rent as well.
No, you can't rent the property from yourself.
Thenewme wrote:Is it better to not have a mortgage on the house or can it still be beneficial regardless of whether there is a mortgage on the property or not?Even if you've got money owing on the primary residence and providing you have enough equity in the property, you can borrow against it to finance other property purchases.
Thenewme wrote:Does anyone know if I am able to rent from myself? I was curious to know if I could somehow still own my house and rent as well.
No, you can't rent the property from yourself.
Thenewme wrote:Is it better to not have a mortgage on the house or can it still be beneficial regardless of whether there is a mortgage on the property or not?Even if you've got money owing on the primary residence and providing you have enough equity in the property, you can borrow against it to finance other property purchases.
The $5000 is a deduction from your taxable income, so $5000 deduction and $5000 reduction in taxable income means the same thing.
Well, I wouldn't mind something local, but I'm not fixated on that. One option I've been thinking about is group accommodation, and with a town of multiple universities and loads of young professionals, it might be a goer, providing I can find the right property.
Having said that, Canberra's not exactly cheap, so regional NSW is also an option that I'm considering.
Right now my main focus is on saving up some money for a deposit.
I've got a Hyundai i30 wagon, turbo diesel. 10 years ago I wouldn't have even considered a Hyundai, but this one's great. 47000km and average fuel consumption is 5.9l/100km.
